SCTY - SOLARCITY CORP BREAKOUT ON H&S PATTERN

This is an update for a previous chart that i posted 4 months ago, predicting an head and shoulders pattern (link:

) . At this point the pattern seems completed and we are at neckline level. So i'm expecting a breakout with a measured move that can bring the security to the 0.764 fib line level. In the same level there is a possible support, otherwise if the selling pressure is high it can go even lower. If the neckline holds as a support, a possible leg up can target to the descending black trendline .
Good luck for your trading

Thanks! interesting channel. I'm focused more in the general trend in a larger timeframe, so i paid attention to shorter timeframes only for more confermations. Not sure if you are using fib lines for retracement or for extension.